New Issue: Deutsche Bank prices $3.96 million airbag performance notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 5 – Deutsche Bank AG, London Branch priced $3.96 million of 0% airbag performance securities due Sept. 30, 2025 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 175.5% of the index return. If the index return is zero or negative but not less than negative 40%, the payout will be par. Otherwise, investors will lose 1.6667% for every 1% that the index declines beyond 40%.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Airbag performance securities
Underlying index:	Euro Stoxx 50 index
Amount:	$3,963,000
Maturity:	Sept. 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 175.5% of any index gain; if index return is zero or negative but not less than negative 40%, par; otherwise, 1.6667% loss for every 1% that the index declines beyond 40%
Initial index level:	3,039.44
Pricing date:	Sept. 28
Settlement date:	Sept. 30
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	5%
Cusip:	25190F343

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